Pakistan’s auto industry delivered 16,436 cars in February 2021, according to the Pakistan Automobile Manufacturers Association (PAMA). Pak Suzuki Motor Company Ltd (PSMC) has regained the lead with a significant 66 percent growth in sales year on year.
PAMA related the growth to a 162 percent increase in Alto sales and a 106 percent increase in Ravi sales, which totaled 4,245 and 1,268 respectively.
Honda Atlas Cars (Pakistan) Ltd (HCAR) saw a 13% increase in revenue year over year, while Indus Motor Company (INDU) saw a 3% drop. In February 2021, Hyundai Nishat and Lucky Motor (KIA), two newcomers to the country’s car industry, delivered 651 and 2,500 vehicles, respectively.
Overall passenger vehicle sales fell by 6% month over month in February 2021.